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The JSE wobbled on Friday as investors awaited SA’s sovereign credit rating from S&P. The all share index slid 1.17% to 49,342.50 points at lunchtime, its weakest point since February, and the top 40 shed 1.27%. Financial stocks, particularly banks which are sensitive to credit-rating downgrades, weakened most ahead of the decision due out after the market close. A downgrade...

The JSE, which has climbed 10.8% so far this year, gave up some of those gains on Thursday morning as global sentiment soured on concerns about the state of major economies. On Wednesday, central banks in Europe and the US added to worries that global economic growth is cooling. Both monetary authorities kept rates on hold, and the European Central Bank (ECB) warned of slower...

The JSE all share opened flat on Monday as firmer retail, banking and financial shares were offset by lower mining stocks. Brent crude was largely unchanged at $82.8 a barrel with gold and platinum prices trending lower. Markets in China are closed for holidays the entire week. Hong Kong's Hang Seng is closed on Monday and will resume trading on Tuesday. The followed lacklustre...

The JSE could follow Asian stocks lower on Wednesday morning, as global markets shift their attention to a rate decision by the Federal Reserve and to reports that trade negotiations between the US and China are becoming more tense. The Hang Seng Index was 0.5% lower at the lunch break, with Tencent down the same amount. The Chinese technology giant, 31% owned by Naspers, is...

As investors await the release of SA’s economic growth data on Tuesday, the JSE is poised for a slightly softer opening as the euphoria that greeted global stock markets on Monday morning wanes. After the JSE’s close on Monday, the S&P 500 index closed 0.39% lower and the Dow Jones Industrial Average lost 0.79%. That set Asian markets up for a weaker opening on Tuesday. Japan’s...

The JSE was flat in midday trade on Thursday. The banking index was the biggest loser with the rand slightly weaker amid uncertainty about mixed signals from the US Federal Reserve. The all share was 0.05% in the red, weighed down by the weaker banking (-1.25%), financial (-0.6%) and industrial (-0.24%) indices. But platinums were up 2.73% and gold stocks 1.32% firmer thanks to...